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Lufthansa to resume flights to 20 destinations from mid-June


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Lufthansa to resume flights to 20 destinations from mid-June

 

2020-05-24T095349Z_1_LYNXMPEG4N09M_RTROPTP_4_HEALTH-CORONAVIRUS-LUFTHANSA.JPG

FILE PHOTO: Aircraft of the German carrier Lufthansa are parked on the tarmac, as the spread of the coronavirus disease (COVID-19) continues, at the airport in Frankfurt, Germany March 24, 2020. REUTERS/Ralph Orlowski/File Photo

 

FRANKFURT/BERLIN (Reuters) - Lufthansa <LHAG.DE>, which is in talks with the German government over a 9 billion euro ($9.8 billion) bailout, will resume flights to 20 destinations from mid-June, including some holiday hot-spots, a spokeswoman said on Sunday.

 

The destinations include Mallorca, Crete, Rhodes, Faro, Venice, Ibiza and Malaga, the spokeswoman said, adding flights would depart from the airline's main hub in Frankfurt.

 

Further destinations will be unveiled at the end of next week, she said.

 

Bild am Sonntag first reported the new destinations.

 

The flight expansion comes less than two weeks after Lufthansa unveiled plans to resume flights to destinations including Los Angeles, Toronto and Mumbai from June, as it begins to restore business that was virtually shut down by the coronavirus crisis.

 

The airline said on Thursday it was in advanced talks with the German government over ceding a 20% stake in exchange for the cash injection. Bild am Sonntag, without citing sources, said the loan would have to be repaid at the end of 2023.

 

In an interview with public broadcaster ZDF on Sunday, German Economy Minister Peter Altmaier said that Lufthansa would have to repay the loan as soon as it turned a profit again.

 

"This can take a few years. No one knows in advance," he said.

 

(Reporting by Christoph Steitz and Ralf Bode; Editing by Mark Potter and Emelia Sithole-Matarise)

 

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-- © Copyright Reuters 2020-05-25
 
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17 minutes ago, RichardColeman said:

 

Funny how Germany drives the EU in saying no country can invest in a country's airline until they do it

Huge difference between a cash injection as a loan (which Germany opposes) and a cash injection for ownership and control 

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1 hour ago, RichardColeman said:

 

Funny how Germany drives the EU in saying no country can invest in a country's airline until they do it

A number of EU member country airlines have already received bailouts e.g. Air France...

 

https://www.telegraph.co.uk/business/2020/05/04/eu-approves-7bn-state-bailout-air-france/

 

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9 minutes ago, Bender Rodriguez said:

I wonder how much a cattle class ticket will cost in the future with all those empty seats required

According to Lufthansa site :

Bangkok-Brussels-Bangkok ( 20 June - 18 July )

18930 ThB

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43 minutes ago, luckyluke said:

According to Lufthansa site :

Bangkok-Brussels-Bangkok ( 20 June - 18 July )

18930 ThB

A decent fare. That could be because the real money is made from the front of the plane and losing passengers from the back due to seating restrictions doesn't cost the airline as much as we might have thought. It is the budget airlines with no Bus/First class that might suffer the most.

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9 hours ago, Swiss1960 said:

Huge difference between a cash injection as a loan (which Germany opposes) and a cash injection for ownership and control 

 

You can polish a terd all you want, and call it any name you want, but it's still a terd.

 

State aid - dressed up so they can pretend it's not state aid.

 

Germany and France have always bent the EU rules to suit themselves.

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6 hours ago, Bangkok Barry said:

A decent fare. That could be because the real money is made from the front of the plane and losing passengers from the back due to seating restrictions doesn't cost the airline as much as we might have thought. It is the budget airlines with no Bus/First class that might suffer the most.

You should never sit in the front of a airplane, always sit at the Rear, You never hear of them backing into a mountain ????

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2 hours ago, Baerboxer said:

 

Yes, France has always believe the EU rules are to imposed on others; but certainly not France and French industries.

Sigh..it was one example of many. URL below is a bit outdated by gives an idea with what's happening with other EU airlines

 

https://simpleflying.com/state-aid-fairness/

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